(Yicai Global) Jan. 30 -- The yuan climbed back into territory not  chartered since last July as its rate against the dollar continued to  rise today. 
 

The onshore spot rate had been close to the 6.70  threshold during the day, going as low as 6.7030, representing its  strongest point since July 18 last year. The offshore rate also went as  low as 6.7237 during the day.

The onshore spot rate closed at 6.7131 at 4.30 p.m.,  178 basis points lower than yesterday's close. The offshore spot rate  was 6.7312, 173 points down on yesterday's close in New York.

The People's Bank of China fixed the central parity  rate at 6.7356 against the redback this morning, also marking the highest  level since July. 

Despite concerns over a slowdown in economic  growth, the yuan has adopted an upward trajectory against the dollar.  Various factors have contributed including expectations that China and  the US will eventually work out their differences on trade, and that  more global capital will flow into yuan-denominated assets this year  after the Chinese government implements policies that open up the  nation's financial system to the world.